Agree Realty Balance Sheet Health
Financial Health criteria checks 3/6
Agree Realty has a total shareholder equity of $5.2B and total debt of $2.4B, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are $7.8B and $2.6B respectively. Agree Realty's EBIT is $259.7M making its interest coverage ratio 3.2. It has cash and short-term investments of $10.9M.
Key information
46.4%
Debt to equity ratio
US$2.42b
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$10.91m |
| Equity | US$5.20b |
| Total liabilities | US$2.57b |
| Total assets | US$7.77b |
Recent financial health updates
No updates
Recent updates
Investment Spread And NAVPS Suggest Agree Is Fairly Valued
Apr 15Agree Realty: Why I Bought The 5.3% Yielding Commons
Mar 21Agree Realty: Better Growth Prospects Than Realty Income
Mar 01Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)
Feb 22W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned
Feb 13Agree Realty: Who Else Is Backing Up The Truck With Me?
Jan 30Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
Jan 08Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar
Dec 14Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds
Dec 04Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now
Nov 06Realty Income And Agree Realty: Less Dumb Than The Stereotypes
Oct 19Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down
Oct 13Agree Realty: One Of The Best Picks For A High Interest Rate Environment
Sep 28Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive
Sep 14Agree Realty: Buy The Dip For The 4.8% Yield
Sep 08High Annualized Upside From Agree Realty At A Low Valuation
Aug 29Agree Realty: Putting Their Money Where Their Mouth Is
Aug 08Agree Realty: A Great Time To Buy The Dip
Jul 31Agree Realty: A Perfect Tenant Replacement Stock
Jul 11Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty
Jun 30Agree Realty: A Steady REIT Income Play
Jun 20Agree Realty: From Ugly REIT Duckling To Super SWAN
Jun 14Agree Realty: Not Worth Buying At The Current Price
Feb 19Agree Realty declares $0.24 dividend
Feb 13Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT
Feb 03Agree Realty declares $0.24 dividend
Jan 12Agree Realty: Hold On, There Are Better Choices
Dec 28Agree Realty declares $0.24 dividend
Dec 13Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT
Nov 13Agree Realty raises dividend by 3% to $0.24
Oct 13Agree Realty to settle outstanding forward equity for $599M, announces stock offering
Sep 28Agree Realty: Safe 3.7% Yield, But Overvalued
Sep 12Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%
Sep 01Agree Realty: Moving To Hold After A Strong Run In Shares
Aug 18Financial Position Analysis
Short Term Liabilities: ADC's short term assets ($101.1M) exceed its short term liabilities ($89.3M).
Long Term Liabilities: ADC's short term assets ($101.1M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ADC's net debt to equity ratio (46.2%) is considered high.
Reducing Debt: ADC's debt to equity ratio has reduced from 58.3% to 46.4% over the past 5 years.
Debt Coverage: ADC's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: ADC's interest payments on its debt are well covered by EBIT (3.2x coverage).